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The Close, Mitcham CR4

South East

£500,000

Listed on 15/06/2026

Property Details

Bedrooms
3
Type
End Terrace
Area
936 sqft

Description

This end-of-terrace three-bedroom house presents a compelling renovation opportunity, ideally situated in a quiet residential area of Mitcham. With its chain-free status and proximity to the Mitcham tram stop, the home is well-positioned for both investors and prospective homeowners looking to modernise. While the property is in need of significant updating throughout, it already offers double-glazed windows and spacious room dimensions that provide an excellent foundation for refurbishment. The layout includes three generously sized bedrooms and a living area ripe for enhancement or reconfiguration, potentially allowing for an extension subject to planning permissions. A standout feature of this property is its sizeable garden, perfect for outdoor activities or creating a tranquil retreat. Given the suburban tranquility combined with convenient access to local amenities, this home has significant potential to increase in value as renovations are completed.

Investment Analysis

(CR4 area)

Above Market Value

This property is priced +7.7% above area average per sq ft

+7.7%
This Property
£534/sq ft
Area Average
£496/sq ft
Avg Rent (weekly)
£435
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£510,476
10% above area average per sq ft
Potential ROI
-7.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (CR4)

Area prices are stable by -1.7% over the last 12 months
3 year growth: +2.6%
5 year growth: +2.5%
Investment Disclaimer: Analysis based on CR4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Close, Mitcham CR4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,889
Based on a loan of £375,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

Price History

-4.8% since listed
£500,000£25,000(-4.8%)
29/12/2025
Current price
£525,000Initial listing
12/12/2025

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